Posted by TeamRocket > 4 weeks ago | Report Abuse

i think this sendai boss not a good bos, indian......

Posted by kangcs > 4 weeks ago | Report Abuse

Pandai turns around... Pusing2

Posted by Risktaker79 > 4 weeks ago | Report Abuse

This stock is surely not for those with weak hearts 😃

Posted by kangcs > 4 weeks ago | Report Abuse

The Group reported revenue and profit before tax of RM275.5 million and RM4.8 million respectively in
the current quarter as compared to revenue of RM399.7 million and Profit before tax of RM7.5 million
in the immediately preceding Quarter. These declines in revenue and profit before tax were attributable
to final Stages of completion of major projects in the Middle East region. Newly awarded projects would
significantly contribute to Group revenue in coming Quarters.

Posted by kangcs > 4 weeks ago | Report Abuse

With the Group’s current outstanding order book of RM5.8 billion and continuous reorganisation of
resources with a strong focus on optimisation of costs and improving efficiency in its operations, the
Group believes that the path of recovery is in motion.
The Group’s Ijarah Facility drawn down for the first lift boat Vahana Aryan has been fully settled by
Vahana Offshore (M) Sdn Bhd. The Group’s total borrowings has reduced by 26% from RM1,052 million
to RM778 million and is also in the process of further restructuring its borrowings to strengthen its
liquidity position.
The Trojena Ski Village project secured from Neom in Kingdom of Saudi Arabia is progressing well, the
Design & Engineering works are ongoing and the first steel structure was erected at the project site on
20 June 2024, meeting the first contractual milestone. The Group foresees optimal utilisation of all its
fabrication facilities with the current outstanding order book.
The Group is optimistic of its future prospects to achieve improvised financial performance but remains
cautious of the global geopolitical and economic uncertainties.

Posted by kangcs > 4 weeks ago | Report Abuse

Big Shark MASUK AGAIN

Posted by Ellyn20 > 4 weeks ago | Report Abuse

Risktaker79

This stock is surely not for those with weak hearts 😃

Yes. this is for sure not for them

Posted by Ellyn20 > 4 weeks ago | Report Abuse

they forget they are investing in a company that is in a recovering stages. Weak heart or impatient person better move to other stock la..

i'm sure from this Q3 onwards till middle east project competed in probably 2 years, we will see the growing profit. I hope they got more project coming from middle east again which contribute more to the company profit.

Posted by Hotstuff > 4 weeks ago |

Post removed.Why?

Posted by Risktaker79 > 4 weeks ago | Report Abuse

Ellyn20 … absolutely correct😀

Posted by kangcs > 4 weeks ago | Report Abuse

1 hari je sudah U-TURN BACK

Posted by Tokyolo > 3 weeks ago | Report Abuse

Sendai is back

Posted by kangcs > 3 weeks ago | Report Abuse

We Think Eversendai Corporation Berhad's (KLSE:SENDAI) Profit Is Only A Baseline For What They Can Achieved

Posted by kangcs > 3 weeks ago | Report Abuse

Eversendai Corporation Berhad (KLSE:SENDAI) recently posted some strong earnings, and the market responded positively. We have done some analysis, and we found several positive factors beyond the profit numbers.

See our latest analysis for Eversendai Corporation Berhad

earnings-and-revenue-history
KLSE:SENDAI Earnings and Revenue History September 5th 2024
Examining Cashflow Against Eversendai Corporation Berhad's Earnings
In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. This ratio tells us how much of a company's profit is not backed by free cashflow.

That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking.

For the year to June 2024, Eversendai Corporation Berhad had an accrual ratio of -0.33. Therefore, its statutory earnings were very significantly less than its free cashflow. Indeed, in the last twelve months it reported free cash flow of RM414m, well over the RM27.1m it reported in profit. Notably, Eversendai Corporation Berhad had negative free cash flow last year, so the RM414m it produced this year was a welcome improvement.

Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Eversendai Corporation Berhad.

Our Take On Eversendai Corporation Berhad's Profit Performance
Happily for shareholders, Eversendai Corporation Berhad produced plenty of free cash flow to back up its statutory profit numbers. Because of this, we think Eversendai Corporation Berhad's underlying earnings potential is as good as, or possibly even better, than the statutory profit makes it seem! And one can definitely find a positive in the fact that it made a profit this year, despite losing money last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. If you'd like to know more about Eversendai Corporation Berhad as a business, it's important to be aware of any risks it's facing. To that end, you should learn about the 3 warning signs we've spotted with Eversendai Corporation Berhad (including 1 which is a bit concerning).

This note has only looked at a single factor that sheds light on the nature of Eversendai Corporation Berhad's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.

Posted by SellYouMust > 2 weeks ago | Report Abuse

Don’t be disheartened 🤓Keep nibbling at low 50s and better still 40s 😬

Posted by Ellyn20 > 2 weeks ago | Report Abuse

Guess good news is coming. Suddenly go up so much

Posted by Apple2353 > 2 weeks ago | Report Abuse

impressive ! one of the few greens today

Posted by mikewazowski > 2 weeks ago | Report Abuse

Serba in the making.

Posted by Ellyn20 > 2 weeks ago | Report Abuse

Don't dengki le.. News released

Posted by Apple2353 > 2 weeks ago | Report Abuse

Mana boleh 'Serba in the Making' when it is one of the few greens in a sea of RED ! News released dah.. going north..

Posted by kangcs > 2 weeks ago | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3482073

Posted by kangcs > 2 weeks ago | Report Abuse

Tan Sri AK Nathan, executive chairman and group managing director of Eversendai Corporation Bhd, expressed that the Group’s current historic outstanding order book of RM6.7 billion including the newly secured projects will be a boost to progressively enhance Eversendai's turnover and profits. The Eversendai Group of companies is on the path to reach greater heights in 2025 and beyond with the record high order book in hand. Going forward, there are more lucrative high-profile projects expected to be secured in the Middle East and other countries where we currently have operations. The Group foresees progressive optimal utilisation of all its fabrication facilities with the current outstanding order book as the project momentum increases. The Group’s Ijarah facility drawn down for the first lift boat Vahana Aryan has been fully settled by Vahana Offshore (M) Sdn Bhd. Its total borrowings has reduced by 26% from RM1,052 million to RM778 million and we are working towards reducing the borrowings further in the next few ye

Posted by kangcs > 2 weeks ago | Report Abuse

https://theedgemalaysia.com/node/726016

Eversendai bags RM1.1 bil contracts in India, Singapore and Saudi Arabia

Posted by kangcs > 2 weeks ago | Report Abuse

https://www.businesstoday.com.my/2024/09/09/eversendai-lands-rm1-1-billion-in-contracts-including-for-new-f1-track/

Eversendai Lands RM1.1 Billion In Contracts Including For New F1 Track

Posted by Michael Kwok > 2 weeks ago |

Post removed.Why?

Posted by Apple2353 > 2 weeks ago | Report Abuse

Joker lah Michael Kwok. Sendai goes up you ask people to join you as follower or guide (fee).. price tak naik you langsung senyap on this counter...

Posted by Michael Kwok > 2 weeks ago |

Post removed.Why?

Posted by Risktaker79 > 2 weeks ago | Report Abuse

Nice very nice … not too late for those being negative 😃

Posted by kangcs > 2 weeks ago | Report Abuse

https://theedgemalaysia.com/node/726025

KUALA LUMPUR (Sept 9): Eversendai Corp Bhd (KL:SENDAI) said the group has received full debt settlement in relation to one of its oil and gas (O&G) lift boat deliveries to the private vehicle of its largest shareholder and group managing director Tan Sri AK Nathan.

In a statement announcing a RM1.1 billion new contract wins by Eversendai, Nathan said the group’s Ijarah facility drawdown for the first lift boat, Vahana Aryan, “has been fully settled by Vahana Offshore (M) Sdn Bhd”.

Eversendai raised borrowings to build two lift boats contracted by Vahana Offshore, where Nathan is also a shareholder, back in 2014.

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“Eversendai’s total borrowings has reduced by 26% from RM1.05 billion (at end-2023) to RM778 million, and we are working towards reducing the borrowings further in the next few years,” said Nathan, who owns 69.77% in Eversendai, where he is also executive chairman.

The debt reduction has been reflected in the group’s April-June quarter. In the same period, trade receivables fell to RM476.47 million, from RM89.52 million at end-2023, partly thanks to Vahana Offshore’s settlement.

The Edge has reached out to Eversendai on the amount cleared by Vahana Offshore for the first vessel, and the outstanding balance for the second vessel.

The latest balance sheet position has reduced Eversendai’s net gearing to 1.74 times, from 2.78 times at the end of last year. Short-term borrowings stood at RM758.28 million, while retained losses stood at RM448.87 million, the company filing showed.

In total, Vahana Offshore contracted Eversendai to construct two vessels for RM850 million, but the O&G industry was swiftly hit by a prolonged downturn beginning in 2015.

Eversendai at the time took a loan to execute the liftboat contract. The plan was to transfer the loan to Vahana Offshore later, but the initial bank ran into financial troubles, and the subsequent bank insisted that the loan remain on Eversendai’s books, rather than on Vahana Offshore’s, Nathan told The Edge in an interview in April.

Shares of Eversendai traded seven sen or 13.3% higher at the time of writing on Monday, valuing the group at RM464.76 million.

Posted by Cptzer0 > 2 weeks ago | Report Abuse

Comeback week

Posted by AlphaCapX > 2 weeks ago | Report Abuse

It should rise above 65sen this week on back of their debt reduction and record contract wins. Then again, their swings are volatile.

Posted by HIGHCHAPERAL > 2 weeks ago | Report Abuse

I am begging all Malaysians to stay away from eversendai. This pariah company was listed at RM1.60 any years ago and has only gone downhill. It has not paid a single cent as dividend BUT the company owner says the order book runs into billions all the time with losses or minimal profits. So what's happening? They don't know construction mathematics or is it designed that way? In the Middle East almost 98% of the mammoth buildings are built by eversendai. Where are the mammoth profits? I am of the strong opinion that the profits are in the cost of sales. Do you get my drift? KYY lost heavily by investing in eversendai. Please listen to me otherwise in eversendai you will surely die.

Posted by HIGHCHAPERAL > 2 weeks ago | Report Abuse

DO NOT TOUCH EVERSENDAI. LET THE OWNERS, FATHER & SON TRY THEIR LUCK AGAIN, ALL RETAIL SHAREHOLDERS STAY AWAY.

Posted by Ellyn20 > 2 weeks ago | Report Abuse

Dear HIGHCHAPERAL,
We don’t need opinions on past events. Newly listed companies often experience losses in their early years before they start to grow. If you’re not confident this time, it’s best not to spread negativity. KYY's losses are his concern—everyone has their share of wins and losses.

Posted by SellYouMust > 2 weeks ago | Report Abuse

You better believe in him this time around 🤓😄

“I see Eversendai being able to showcase profits quarter by quarter. This will be a positive year and 2025 will be on another level altogether,” said Eversendai’s founder and largest shareholder Tan Sri AK Nathan.

Posted by mikewazowski > 2 weeks ago | Report Abuse

Serba in the making. So many new projects yet nothing to show. Hard to believe this Thambi goreng king

Posted by gohkimhock > 2 weeks ago | Report Abuse

be extra careful with this counter..

Posted by mf > 2 weeks ago | Report Abuse

S&P 500 falls as traders deal with new inflation data, September volatility

Posted by Michael Kwok > 2 weeks ago |

Post removed.Why?

Posted by Ellyn20 > 2 weeks ago | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3482752

Posted by kangcs > 2 weeks ago | Report Abuse

Yeah

Posted by Moomoo66 > 2 weeks ago | Report Abuse

Quit true... trending in profits has started downhill since last 3q. This is a family run biz, and they ain't got anything to show except boasting like Rajnikanth in Bwood movies. Stay away from this parata roti Co.

Posted by Michael Kwok > 1 week ago | Report Abuse

Buy call eversendai 55-57 cents
Can it be ong...
Let see before sept end.
18/9/24 10.40am

Posted by kangcs > 1 week ago | Report Abuse

KUALA LUMPUR: Many may not know that a Malaysian construction company, Eversendai Corporation Bhd (Eversendai), is one of the main contributors to the construction of several iconic landmarks in the world including Burj Khalifa (Dubai), Al Shams Sky Tower (Abu Dhabi) and KLCC (Petronas) Twin Towers and Merdeka 118 Tower.

The achievement was shared by Public Works Minister Datuk Seri Alexander Nanta Linggi through a post on his Facebook after visiting Eversendai's largest steel fabrication factory located in Hamriyah Free Zone Establishment, Sharjah, UAE recently.

Nanta, who was on an official working visit to Dubai, said Eversendai is the only Malaysian construction company to create a world record and an important milestone in the construction industry for the iconic landmark project "One Za'abeel" in Dubai in 2020.

"During this visit, I was given a briefing regarding the operation of the factory, manufacturing, iron fabrication and the design of the building structure carried out at the factory. I was informed that BIM technology is used in the implementation of the project, especially in the preparation stage of the project design, especially the steel structure," he said in the message.

He said Eversendai has a workforce of 15,000 staff and more than 300 projects have been completed in more than 14 countries with five steel fabrication plants located in Malaysia, Dubai, Sharjah, Qatar and India with an annual capacity of 150,000 tonnes.

Posted by kangcs > 1 week ago | Report Abuse

Penyumbang pembinaan mercu tanda ikonik dunia, Eversendai jadi kebanggaan negara
Bernama
18/09/2024 07:45 MYT
Penyumbang pembinaan mercu tanda ikonik dunia, Eversendai jadi kebanggaan negara
Nanta (dua, kiri) melawat kilang fabrikasi keluli terbesar milik Eversendai di Hamriyah Free Zone Establishment, Sharjah, UAE baru-baru ini. - Facebook Alexander Nanta Linggi
KUALA LUMPUR: Mungkin ramai yang tidak mengetahui syarikat pembinaan kebanggaan negara, Eversendai Corporation Bhd (Eversendai) merupakan antara penyumbang pembinaan beberapa mercu tanda ikonik di dunia termasuk Burj Khalifa (Dubai), Al Shams Sky Tower (Abu Dhabi) dan Menara Berkembar KLCC serta Menara Merdeka 118.
Perkara berkenaan dikongsikan Menteri Kerja Raya Datuk Seri Alexander Nanta Linggi dalam hantaran menerusi Facebooknya selepas melawat kilang fabrikasi keluli terbesar milik Eversendai di Hamriyah Free Zone Establishment, Sharjah, Emiriah Arab Bersatu (UAE) baru-baru ini.
Nanta yang dalam lawatan kerja rasminya ke Dubai berkata Eversendai merupakan satu-satunya syarikat pembinaan Malaysia mencipta rekod dunia dan pencapaian penting dalam industri pembinaan dengan projek mercu tanda ikonik "One Za'abeel" di Dubai pada 2020.


"Dalam lawatan ini, saya telah diberikan taklimat berhubung pengoperasian kilang, pembuatan, fabrikasi besi dan reka cipta struktur bangunan yang dilaksanakan di kilang tersebut.
"Saya dimaklumkan bahawa teknologi BIM (Pemodelan Maklumat Bangunan) diguna pakai dalam pelaksanaan projek terutamanya dalam peringkat penyediaan reka bentuk projek khususnya struktur keluli," katanya dalam hantaran itu.

Beliau berkata Eversendai mempunyai 15,000 tenaga kerja dan lebih daripada 300 projek telah dicapai di lebih 14 negara dengan lima kilang fabrikasi keluli yang terletak di Malaysia, Dubai, Sharjah, Qatar dan India dengan kapasiti tahunan sebanyak 150,000 tan.

Posted by kangcs > 1 week ago | Report Abuse

"Kilang fabrikasi keluli tercanggih ini telah membina beberapa struktur mercu tanda yang paling ikonik di dunia seperti Burj Khalifa dan Menara Merdeka 118," katanya.
Nanta berkata Pengerusi Eksekutif dan Pengarah Urusan Kumpulan Eversendai serta pengasas syarikat itu Tan Sri Datuk A K Nathan dalam satu kenyataan menyifatkan Eversendai sebagai kebanggaan negara dan berbangga untuk mengibarkan Jalur Gemilang setinggi-tingginya dengan menjadi sebahagian daripada rekod dunia untuk bangunan julur terpanjang di dunia

Posted by InfinityTifanny > 1 week ago | Report Abuse

From https://www.nst.com.my/business/corporate/2024/09/1107086/building-worlds-iconic-landmarks-eversendai-pride-malaysia-nanta 😁

Posted by kangcs > 1 week ago | Report Abuse

Rangkuman lawatan kerja ke Dubai, Emiriah Arab Bersatu (UAE) bersama delegasi KKR, JKR, LLM, CIDB dan MOT. Lawatan ini pasti membawa manfaat yang terbaik kepada negara Malaysia tatkala kita meneroka peluang dan lapangan di peringkat global yang mampu dimantapkan buat kesejahteraan rakyat Malaysia.

#KKR
#MYJalan
#MalaysiaMadani
#DUBAI
#EVERSENDAI
#SALIK
#ITSDUBAI2024

Posted by kangcs > 1 week ago | Report Abuse

With the arrival of Trojena’s first crane and steel in the Ski Village, construction of one of the development’s signature assets could finally begin. Celebrating the major milestone in Trojena’s journey. Michael Florit (Project Director), Jean-Philippe Patesson (Executive Director - Projects) and N.S Rao (COO, Eversendai) were on-site to celebrate the team's achievements and to highlight this vital step in making Trojena's Ski Village a reality.

#NEOM #Trojena

Posted by InfinityTifanny > 1 week ago | Report Abuse

Chip in some and wait for it to break 60 sen 😃